Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Unusually-High Trading Volume – Here’s Why

by · The Cerbat Gem

Shares of Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE – Get Free Report) saw strong trading volume on Tuesday . 803,991 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 355,554 shares.The stock last traded at $33.97 and had previously closed at $34.21.

Goldman Sachs ActiveBeta International Equity ETF Trading Down 0.8 %

The stock’s fifty day moving average price is $35.06 and its 200 day moving average price is $34.72. The stock has a market cap of $3.59 billion, a P/E ratio of 12.99 and a beta of 0.80.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of GSIE. Concourse Financial Group Securities Inc. grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 137.1% during the third quarter. Concourse Financial Group Securities Inc. now owns 875 shares of the company’s stock valued at $32,000 after purchasing an additional 506 shares during the period. Ashton Thomas Securities LLC bought a new stake in Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter valued at $33,000. Armstrong Advisory Group Inc. bought a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the third quarter worth about $34,000. Brown Brothers Harriman & Co. bought a new stake in Goldman Sachs ActiveBeta International Equity ETF in the 2nd quarter worth approximately $45,000. Finally, HM Payson & Co. bought a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at approximately $78,000.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

(Get Free Report)

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight.

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